Canary Gold Identifies Large Paleochannel System, Hires Alluvial Gold Specialist at Madeira River Project
Canary Gold Corp. reports discovery of a large-scale paleochannel system at its Madeira River Gold Project in Brazil and engages a specialist consultant to advance exploration towards a potential resource estimate.
Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced that recent deeper drilling at its Madeira River Gold Project in Rondonia State, Brazil, has intersected significant vertical intervals of mature coarse sediments, supporting the interpretation of a large-scale paleochannel system. The company has also engaged Clara Maria Lamus Molina, an internationally recognized alluvial gold specialist, to strengthen its technical team.
The paleochannel, interpreted to extend across an area measuring approximately 7 kilometres by 5 kilometres eastward from the present-day Madeira River, includes sedimentary horizons up to 20 metres thick consisting of rounded quartz pebble gravels and sands. This discovery follows a targeted deeper drilling program designed to evaluate prospective horizons beneath shallow sediments previously identified.
To date, Canary has completed 21 reverse circulation drill holes on a 1-kilometre spaced grid and 14 PQ-diameter drill holes on 250-metre spaced infill sections. Drilling has reached vertical depths of up to 75 metres. Analytical results are pending and will be reported once received and reviewed.
The engagement of Ms. Molina, who has over 20 years of experience in alluvial gold evaluation and sampling in compliance with NI 43-101 standards, is intended to support robust exploration procedures. Her background includes work with large-scale producing operations in South America, such as those operated by Mineros S.A. in Colombia. She will assist in reviewing drilling and sampling methodologies, designing representative sampling protocols for coarse gold environments, and refining QA/QC and chain-of-custody procedures.
Mark Tommasi, President of Canary Gold, stated: “The engagement of a specialist alluvial gold consultant is a direct response to the technical progress we are seeing at Madeira. As our drilling continues to define what we interpret to be a large-scale paleochannel system, it is important that we build the sampling, QA/QC and geological evaluation framework correctly from the outset.”
The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, an area with a long history of artisanal gold dredging. Current exploration has tested only a limited portion of the broader land package. The company cautions that exploration remains at an early stage and no mineral resource has yet been defined.
Canary Gold is a Canadian exploration company focused on advancing gold projects in Brazil. The company holds an option to earn up to a 70% interest in the Rio Madeira Project and has expanded its land position through an acquisition from Talisman Venture Partners Ltd. The technical information in this release has been reviewed by Andrew Lee Smith, P.Geo., a Qualified Person under NI 43-101.